Financial management for employees can help reduce stress, encourage retirement planning and improve retention. Whether you are the manager, owner or employee, explore how we can help you.
Financial management for employees can help reduce stress, encourage retirement planning and improve retention. Whether you are the manager, owner or employee, explore how we can help you.
Financial management for employees can help reduce stress, encourage retirement planning and improve retention. Whether you are the manager, owner or employee, explore how we can help you.
Financial management for employees can help reduce stress, encourage retirement planning and improve retention. Whether you are the manager, owner or employee, explore how we can help you.

For Employees*:

Employee financial stress directly negatively impacts employee productivity and company profitability.

40% of employees earning more than $75,000 “sometimes have trouble paying bills”.  This includes 12% of respondents earning more than $150,000.

Employee Financial Concerns

Top concern among full-time employees (63%) is having enough money to pay bills during a period of sudden income loss.

Retirement:

  • 31% of pre-retirees are more likely than any other group to say they are far behind where they hoped to be financially

  • 27% of baby boomers say they are far behind where they should be in their savings

Only 50% of employees own life insurance for themselves and 58% have disability coverage.

Even among those with coverage, nearly half (45% for life, 43% for disability) admit that the amount of their coverage is inadequate.

Meeting the Financial Needs of Employees
  • Financial planning guidance.

  • Employers can help employees use their benefits to build a financial safety net for their retirement years.  Most employees are far behind where they should be in their savings.

  • With traditional pensions phasing out, an attractive approach may be offering employees annuities within plans to allow more long-term options.  Disability insurance and long-term care insurance can also be attractive ways to reduce employee concerns.

We Can Help Employers Improve Retention

Since the 5th annual MetLife Study of Employee Benefits Trends found employee retention outranked cost control as the No. 1 benefits objective of benefit managers, post-retirement benefits have emerged as one area where the competitive stakes are rising for attracting and retaining the best and brightest employees. The data shows that working Americans are concerned about having enough money to retire.

Contact us today to discuss how we can help you proactively improve retention through helping your employees with their financial management.

We Can Help Employees With Financial Stress

We know you are worried about paying for retirement, about having enough money in case of job loss, about managing your 401K optimally, and so much more.  We can help you with managing your finances and making sure you have proper strategies in place to help you meet your financial and life goals.

Contact us today to discuss the appropriateness of a financial plan and a financial strategy checkup.


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*All statistics are taken from the 2007 Met Life Study of Employee Benefit Trends


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